256 Adelaide Street, Brisbane City, QLD, 4000, AU

256 Adelaide Street

Asset Description

JLL is pleased to offer for sale ‘Koala House’ 256 Adelaide Street, Brisbane City – a prominent freehold CBD retail asset fully leased to three quality tenants.

Boasting a 6.6* year WALE, longstanding local and national tenants with genuine rental reversion upside – ‘Koala House’ provides an opportunity to acquire one of Brisbane’s best retail corners and a landmark building within the city’s thriving CBD.

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Attributes

Building area net

400 m²

Occupancy

100%

Land area gross

175 m²

Media

Investment Highlights

We outline the Key Investment Highlights below:

Quality Tenancy Mix: ‘Koala House’ is fully leased to quality mix of tenants including national healthy fast-food chain ‘Fishbowl’ who have more than forty locations across Australia, Japanese restaurant ‘Oshin’ who have occupied the first floor for nearly forty years and ‘QMS’ Media secured long term.

Strong Income Growth: All leases benefit from favourable annual increases of either 3.5% or 4% with genuine opportunity for rental reversion into the future given both floors are currently rented significantly below market compared to other high profile CBD retail corners.

Exceptional Exposure: Situated on the corner of Creek & Adelaide Street the asset boasts exposure to key arterials for both pedestrians and vehicles alike along with tenants within the building have long benefitted from unrivalled exposure and signage.

Resurgent Office Market: Brisbane’s CBD is operating with the lowest levels of vacancy when compared to other major CBD office precincts – ultimately creating an influx of thriving F&B retailers throughout the CBD.

‘Koala House’ is being offered for sale by way of Offers to Purchase.

For more information please get into contact with the exclusive agents.